The current managing director of the Grameen Bank said that Nobel laureate professor Muhammad Yunus looted crores of taka from the bank abusing his power as managing director.
Yunus awarded costly work orders of about Tk聽120 crore to Packages Corporation Limited for printing bank materials, and also disbursed a loan of Tk聽9.5 crore which he waived illegally for personal benefit.
Packages Corporation Limited, a business entity of Yunus, his father and two brothers, located at Chattogram, now possesses hundreds of crores of taka causing damage to the Grameen Bank.
GB鈥檚 incumbent managing director Nur Mohammad made the allegations through a press release, which was read out by the bank鈥檚 chief legal adviser Masud Akhter at a press briefing in front of Supreme Court鈥檚 annex building on Monday morning.
The press briefing was called to protest the Yunus Centre鈥檚 May 30 rejoinder that rejected a complaint submitted by Grameen Bank to the Anti-Corruption Commission on May 26 against Yunus鈥� alleged corruption regarding the Packages Corporation Limited.
Responding to a question, the GB lawyer told journalists, 鈥榊unus鈥� corruption and misdeed was revealed in a comprehensive audit conducted in 2023 under the GB鈥檚 incumbent Board of Directors.鈥櫬犅犅犅犅�
The lawyer alleged that although Yunus was removed as GB managing director in 2016 following the Supreme Court鈥檚 verdict, his people used to influence the Board of Directors to hide corruption and irregularities of the predecessor.
He claimed that a GB general manager was subjected to torture by Yunus as the officer wrote to him about GB鈥檚 irregularities regarding Packages Corporation Limited.聽聽聽
The lawyer alleged that Yunus cheated with 1.5 crore women investors of the Grameen Bank and embezzled its fund by disbursing loans illegally in the name of various institutions associated with the banks.
He rejected the media report that Yunus founded the Grameen Bank, stating that Chittagong University鈥� Economics department funded Grameen micro-credit project which was later turned into the Grameen Bank following the Agricultural Ministry鈥檚 proposal and the then government funded Tk聽100 crore to it.
Yunus was the paid project director of micro-credit project.聽聽聽聽聽聽聽
On May 30 rejoinder, Yunus Centre claimed that the allegations of disbursement of loan to Packages Corporation Limited and the loan waiver was 鈥榖aseless鈥�.
Yunus Centre said in the rejoinder that the owners of Packages Corporation had no intention to get financial benefit from the agreement with Grameen Bank.
They simply offered to give their renowned printing press for the use of Grameen Bank without any financial benefit.
鈥楢ny loan given to Packages Corporation does not go to the owners under the agreement. Loans to Packages came from the Social Business Fund, called SVCF (Social Business Venture Capital Fund), not from Grameen Bank,鈥� reads the rejoinder.
The rejoinder also said that the owners of Packages Corporation, that is, Professor Yunus and his family, did not benefit financially from Grameen Bank under the agreement.
